With House Republicans just a day away from once more voting to try to repeal President Obama's health reform law, congressional budget analysts suggested Wednesday that repealing the law would increase the deficit.
In a letter to House Budget Chairman Paul Ryan, Congressional Budget Office Director Douglas Elmendorf said the CBO is unable to quickly provide a cost estimate for repeal of the law, per Republicans' request.
"Preparing a new estimate of the budgetary impact of repealing the Affordable Care Act would take considerable time — probably several weeks — for CBO and the staff of the Joint Committee on Taxation, because there are hundreds of provisions in the ACA and those provisions are already in various stages of implementation," Elmendorf wrote.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
